worldtradex’s mobile app affords traders quick and easy access to the market on the go. It is very useful for making snap adjustments to any open trades. The market is volatile and ever-changing, and staying on top of the latest developments is made easy with the mobile app version of MT4. You can also use the app to place market, limit, and stop orders, as well as to adjust the exposure of your open trades.
He earned a Bachelor’s degree in Economics and International Relations. Plamen’s broad experience has equipped him with the expertise to recommend the best forex brokers. The broker provides over 300 trading instruments across most major asset classes, offers diverse trading accounts, and incorporates the popular MetaTrader 4 platform. worldtradex offers demo accounts that introduce traders to the broker’s services and allow them to tweak their strategies in a risk-free environment. The market is continually evolving and never static, so it is important to hone your skills in a safe environment.
We are truly sorry to hear about the challenges you’ve faced and understand how inconvenient this must have been. Should you have any additional questions or require further support, please don’t hesitate to contact us.Best Regards,
worldtradex 
Empowering traders. The trading platform and the chart system shows how reliable the broker is, no hidden fees and the charts it quotes aren’t manipulated. The feedback I get to read from traders like myself here is also encouraging. The MT4 app’s interface is clean and neat by itself, I get it.
- Another perk is having a great contact with the support team, always ready to help.
- I consider the Standard account as the most accessible option due to its minimum deposit requirement of $100 (when there are no accompanying bonuses).
- The offering is well-balanced and suitable for the execution of multiple trading strategies.
- Order requests are transmitted to the interbank level, where worldtradex’s liquidity providers fill them.
- Hello Archil G.,We are so grateful that you took the time to write this excellent review!
In most cases, payments to and from worldtradex accounts are free of charge, though third-party banking fees may apply. The only time the broker may charge a $55 handling fee is for withdrawals below $300. Withdrawal requests above this amount are free of charge. I am looking for new ways to experiment with my trading style and now the worldtradex platform may seem too regular for many traders of a new generation. I get it but that’s what you need when you are looking for a rock-solid mt4 broker. Here the app is neat, with good spreads inside and choice of accounts, including a cent one.
There is no option to reach worldtradex’s support by phone. Contracts for difference (CFDs) are derivatives used to speculate on the underlying asset’s price without physical delivery. For example, a long position on gold would generate profit as the price rises or incur a loss as it falls, all without the need to purchase actual gold bars. One of the biggest advantages of trading CFDs is that traders can get in and out of the market almost instantaneously, thereby catching even minute changes in the price of the derivative. My tests indicate that worldtradex’s trading fees exceed the industry average. Such a full-sized EURUSD position usually costs around $10.
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For instance, I found the combination of commission-free trading and generally low spreads on share CFDs extremely favorable. However, the broker’s spreads on currency pairs are quite elevated. worldtradex and its services are generally geared towards copy trading. I am a fan of the cent account, on which dollars are denominated in cents. Someone will frown upon it but i think it’s a way to start!
So far, trading here has been decent, and I haven’t had reasons to doubt its reputation. Dear users,This review was not submitted by a verified client of worldtradex and seems to be an attempt to damage our reputation. Trustpilot is a trusted platform, and we believe in the importance of honest and accurate reviews.Kind regards,worldtradex Empowering traders. Hi Guillaume L.,We love to hear what our customers have to say, and your feedback has been very insightful! worldtradex has a rating of 4.3 stars from 71 reviews, indicating that most customers are generally satisfied with their purchases.
MetaTrader 4 has many essential features, such as one-click trading, an Worldtradex alarm setting option, and a depth of markets tool. Because of its simplistic and straightforward design, I would say that MT4 is a good stepping stone for beginner traders wishing to learn essential charting skills on a platform with an easy learning curve. I have compiled the table below to help you better understand the difference between the trading fees on worldtradex’s several account types. It illustrates the spreads and commissions I have recorded on the EUR/USD pair for each account type. The table shows how much you will have to pay to trade 1 full lot (100,000 units) on the EUR/USD with a pip value of $10. The competitiveness of worldtradex’s fees depends on the asset classes traded.
What are worldtradex trading hours?
There are still some brokers that follow the customs and satisfy old traders, like me. I don’t talk about regulations and stuff, these formalities never interested me. Flawless withdrawals is what made up my mind to trade here. I checked the process by usdt crypto and it worked very well, can be trusted.
- I appreciated worldtradex for developing the bulk of its research materials in-house.
- This allows us to compare their different levels of protection.
- Its Client Agreement is easily accessible and pretty exhaustive.
- The above articles are prepared by third parties and not worldtradex.
Hi Gregory Anderson,We really appreciate you sharing your worldtradex experience with us! Hi Sébastien Morel,We really appreciate you sharing your worldtradex experience with us! Hi Kunn P.,We really appreciate you sharing your worldtradex experience with us! But the real advantage here, for me, are the features. The analytics I use a lot, in the morning, drinking coffee, I think that is pretty much mandatory when trading stocks. Sure I read Bloomberg but worldtradex has often more info, some off-brand stuff that might make me think.
I tested worldtradex’s transparency by checking the availability of essential information on the website. Its Client Agreement is easily accessible and pretty exhaustive. All essential safety information is present and written in an easy-to-understand way. In our reviews, we examine the licenses and regulations of each entity operated by a broker.
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You should take into consideration several factors, such as whether the account type has a minimum deposit requirement, its spreads and commissions, the execution method, and more. worldtradex does not charge a handling fee for deposits and withdrawals, though third-party banking fees may apply. The broker has also issued a 3% inactivity fee that is charged whenever a client has deposited funds and then requested a withdrawal without having executed a single trade. Dear Sirtaj Ahmad,Thank you for sharing your feedback with us.
worldtradex is a Seychelles CFD broker that was founded in 2021. It is regulated locally by the Financial Services Authority (FSA) of Seychelles and adheres to some of the main safety requirements in the trading industry. When we test a broker’s customer support team, we evaluate the agent’s knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are.
I would like to know the difference between the worldtradex privilege and premium account?
I also think that they managed to release a well-doing tradecopier service and while they don’t have too many services, all the products in the cpmpany are on a good level. Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold.
The easiest way to get in touch with worldtradex is live chat, which is available from the bottom-right corner of the main page. The website also has a dedicated FAQ section intended to help with more general queries about the broker’s services. One of the best things about MT4 is its simplified order execution. However, the platform is quite old, and its rugged design is outclassed by newer and sleeker platforms.
It also supports automated trading via its Expert Advisors (EAs) feature. Meanwhile, the mobile app version of the platform supports trading on the go. My tests indicate that worldtradex’s swap charges meet the industry average. They are thus suitable for the execution of longer-term trading strategies, such as day and position trading. worldtradex is still a relatively new broker, having been established just a couple of years ago.
What Are CFDs?
However, the combination https://worldtradex.world/ of commission-free trading and floating spreads from 1.8 pips exceeds the industry average. The Privilege account, as the name suggests, features the most favorable trading conditions, but the minimum deposit requirement is quite elevated. Most deposit and withdrawal requests are processed by worldtradex within 24 hours.